Peoples Bancorp of North Carolina
Market Cap
US$95.5m
Last Updated
2020/04/05 00:59 UTC
Data Sources
Company Financials
Executive Summary
Peoples Bancorp of North Carolina, Inc. operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has Peoples Bancorp of North Carolina's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PEBK's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-24.2%
PEBK
-9.5%
US Banks
-3.8%
US Market
1 Year Return
-40.2%
PEBK
-34.8%
US Banks
-15.9%
US Market
Return vs Industry: PEBK underperformed the US Banks industry which returned -32.9% over the past year.
Return vs Market: PEBK underperformed the US Market which returned -15.1% over the past year.
Shareholder returns
| PEBK | Industry | Market | |
|---|---|---|---|
| 7 Day | -24.2% | -9.5% | -3.8% |
| 30 Day | -34.1% | -26.7% | -17.4% |
| 90 Day | -48.1% | -43.7% | -24.1% |
| 1 Year | -38.7%-40.2% | -32.8%-34.8% | -14.1%-15.9% |
| 3 Year | -36.4%-40.3% | -23.7%-29.4% | 10.0%2.8% |
| 5 Year | 6.7%-3.3% | 0.4%-11.2% | 27.6%13.5% |
Price Volatility Vs. Market
How volatile is Peoples Bancorp of North Carolina's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
How Does Peoples Bancorp of North Carolina's (NASDAQ:PEBK) P/E Compare To Its Industry, After The Share Price Drop?2 weeks ago | Simply Wall St
How Does Peoples Bancorp of North Carolina's (NASDAQ:PEBK) P/E Compare To Its Industry, After The Share Price Drop?2 weeks ago | Simply Wall St
How Should Investors Feel About Peoples Bancorp of North Carolina, Inc.'s (NASDAQ:PEBK) CEO Pay?Valuation
Is Peoples Bancorp of North Carolina undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PEBK ($16.14) is trading below our estimate of fair value ($37.08)
Significantly Below Fair Value: PEBK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PEBK is good value based on its PE Ratio (6.8x) compared to the Banks industry average (8.6x).
PE vs Market: PEBK is good value based on its PE Ratio (6.8x) compared to the US market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PEBK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PEBK is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Peoples Bancorp of North Carolina forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-2.4%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Peoples Bancorp of North Carolina has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Peoples Bancorp of North Carolina is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
Past Performance
How has Peoples Bancorp of North Carolina performed over the past 5 years?
10.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PEBK has high quality earnings.
Growing Profit Margin: PEBK's current net profit margins (22.4%) are lower than last year (22.8%).
Past Earnings Growth Analysis
Earnings Trend: PEBK's earnings have grown by 10.3% per year over the past 5 years.
Accelerating Growth: PEBK's earnings growth over the past year (5.1%) is below its 5-year average (10.3% per year).
Earnings vs Industry: PEBK earnings growth over the past year (5.1%) underperformed the Banks industry 10.9%.
Return on Equity
High ROE: PEBK's Return on Equity (10.5%) is considered low.
Next Steps
Financial Health
How is Peoples Bancorp of North Carolina's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: PEBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: PEBK's debt is covered by short term assets (assets are 1.8x debt).
Financial Institutions Analysis
Asset Level: PEBK's level of assets compared to its equity is low.
Allowance for Bad Loans: PEBK has a sufficient allowance for bad loans.
Low Risk Liabilities: PEBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: PEBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PEBK's loans are broadly funded by customer deposits.
Level of Bad Loans: PEBK has an appropriate level of bad loans (0.42%)
Next Steps
Dividend
What is Peoples Bancorp of North Carolina's current dividend yield, its reliability and sustainability?
4.65%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PEBK's dividend (4.65%) is higher than the bottom 25% of dividend payers in the US market (2.05%).
High Dividend: PEBK's dividend (4.65%) is low compared to the top 25% of dividend payers in the US market (5.71%).
Stability and Growth of Payments
Stable Dividend: PEBK's dividends per share have been stable in the past 10 years.
Growing Dividend: PEBK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.7%), PEBK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
19.3yrs
Average board tenure
CEO
Lance Sellers (56yo)
7.42s
Tenure
US$552,257
Compensation
Mr. Lance A. Sellers has been the Chief Executive Officer and President of Peoples Bancorp of North Carolina, Inc. since November 1, 2012. Mr. Sellers has been the Chief Executive Officer and President of ...
CEO Compensation Analysis
Compensation vs Market: Lance's total compensation ($USD552.26K) is about average for companies of similar size in the US market ($USD618.59K).
Compensation vs Earnings: Lance's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Vice Chairman of the Board | no data | US$49.40k | 1.13% $1.1m | |
| Independent Chairman of the Board | 29.25yrs | US$62.17k | 2.92% $2.8m | |
| Independent Director | 27.25yrs | US$41.08k | 1.13% $1.1m | |
| Independent Director | 25.25yrs | US$50.63k | 1.66% $1.6m | |
| Independent Director | 25.25yrs | US$46.79k | 0.68% $648.4k | |
| Director | 19.25yrs | US$40.07k | 0.45% $431.6k | |
| Independent Director | 16.08yrs | US$49.24k | 0.17% $166.1k | |
| Director | 16.08yrs | US$47.95k | 0.078% $74.4k | |
| Independent Director | 16.08yrs | US$49.53k | 0.34% $321.8k | |
| Independent Director | 16.08yrs | US$40.25k | 0.34% $326.6k |
19.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: PEBK's board of directors are seasoned and experienced ( 19.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PEBK insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Peoples Bancorp of North Carolina, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Peoples Bancorp of North Carolina, Inc.
- Ticker: PEBK
- Exchange: NasdaqGM
- Founded: 1912
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$95.457m
- Shares outstanding: 5.91m
- Website: https://www.peoplesbanknc.com
Number of Employees
Location
- Peoples Bancorp of North Carolina, Inc.
- 518 West C Street
- Newton
- North Carolina
- 28658
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PEBK | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Oct 1985 |
Biography
Peoples Bancorp of North Carolina, Inc. operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company’s loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, as well as agricultural loans. It also provides investment counseling and non-deposit investment products, such as stocks, bonds, mutual funds, tax deferred annuities, and related brokerage services; and real estate appraisal and brokerage services. In addition, the company operates as a clearing-house for the provision of appraisal services for community banks; and acquires, manages, and disposes real property, other collateral, and other assets obtained in the ordinary course of collecting debts. As of December 31, 2018, it operated 20 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Cornelius, Mooresville, Raleigh, and Cary in North Carolina. The company also operates loan production offices in Denver and Durham, North Carolina. Peoples Bancorp of North Carolina, Inc. was founded in 1912 and is headquartered in Newton, North Carolina.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/05 00:59 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.